Purchase and Inventory Management System

A Techno Financials Procurement module generates and tracks purchase orders awarded to suppliers, generates their billing, and maintains a history of payments and adjustments. It reduces data redundancies and ensures real-time reporting. Moreover, it is supported by an Inventory Management system that builds visibility and control over inventory costs, ensuring there is always enough stock on hand to meet customer/company demands. This module helps review and control stock levels, processes inventory receipts, returns, transfers, and adjustments.

Features

Dashboard

The dashboard displays top vendors, most utilized inventory, total vendors and items, along with lifetime purchases and utilization.

Utilization

Utilization involves adding to the utilization list and managing the return list to track and optimize the use of assets effectively.

Operations

Operations involve managing purchase orders, handling purchase returns, and tracking asset transfers to ensure smooth and efficient procurement and asset management processes.

Inventory Management

Inventory management includes categorizing items, managing detailed records for each item, and overseeing vendor data to streamline procurement and tracking.

Reports

Reports include Stock Alert, Actual vs. Consumed, Utilization, Bin-Wise Inventory, Stock by Location, Purchase, and Location-Wise reports.

Setup

Setup involves configuring users, locations, tax rates, and maintaining a system user audit log to ensure effective management and security.

Purchases

Purchases cover planning, requisitions, quotes, receiving slips, vendor evaluation, and material returns.

Stock Management

Stock management involves generating detailed stock reports and monitoring item utilization to ensure optimal inventory levels and efficient use of resources.

Benefits

Automated processes that free up management
Enhanced sharing of information and collaboration
Data is kept up –to-date
Reduced licensing expenses
Customizable Interface
Automated Calculations

P2P optimization
Reduced life cycle of purchase orders
Cost Saving
Improve spend and control security
Supply Chain optimization
Invoicing connecting and optimization